By Andrea Heisinger
New York, Feb. 22 - ANZ Banking Group Ltd. priced $1 billion of 3.25% five-year notes on Tuesday at a spread of Treasuries plus 120 basis points, an informed source said.
The notes (Aa1/AA/AA-) were priced at 99.593 to yield 3.339%. They are non-callable and were priced under Rule 144A.
Bookrunners were ANZ, Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc.
ANZ Banking Group's last sale of five-year notes totaled $1.25 billion as part of a $3 billion sale on Jan. 6, 2010. They priced at a coupon of 3.7% with a spread of 115 bps over Treasuries.
The financial services company is based in Melbourne, Australia.
| Issuer: | ANZ Banking Group Ltd.
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | March 1, 2016
|
| Bookrunners: | ANZ, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. Inc.
|
| Coupon: | 3.25%
|
| Price: | 99.593
|
| Yield: | 3.339%
|
| Spread: | Treasuries plus 120 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Feb. 22
|
| Settlement date: | March 1
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
